What can I do to collect past judgements?
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What can I do to collect past judgements?
I have several judgments against past tenants worth around $10,000 – $12,000 altogether. I have tried to track these people down, finding where they live and work. I feel that the law is against me on finding them and trying to get my money back. What/how can I get my money back? Had a debtor’s exam done against 2 of the defendants and they said they would start paying monthly around $50 while they were in court but I have seen nothing. I’m tired of throwing good money at bad to try and collect, but this is $12,000 and I could use that money to pay off my debts.
Asked on June 15, 2012 under Bankruptcy Law, Ohio
Answers:
Jonathan Pollard / Pollard LLC
Answered 11 years ago | Contributor
You'll probably hate to hear this, but in some instances you simply have to cut your losses. Judgements are only worth it when you can collect. And this is a situation where that may not be possible.
You would have to track the people down. If they're in different states, you'll be required to record the judgment in that state's public records. You'll then have to take depositions in aid of executing the judgment. This is a process that would cost you thousands of dollars-- it simply may not be worth it.
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